Banking Quiz

1. Which of the following is not a function of a commercial bank?
a) Asset transaction
b) Real-time Gross Settlement
c) Registration of charges and mortgages
d) Transaction services

2. When a person opens an account in a bank, the bank is a_______________towards the person?
a) Debtor
b) Borrower
c) Agent
d) Creditor

3. Which of the following persons can not be a Nominee?
a) Partnership firm
b) Trust
c) Limited Company
d) All of these

4. Banks in India traditionally use which system of payment and settlement?
a) National Electronic Fund Transfer (NEFT)
b) E-Pay
c) Simultaneous Net Payment (SNP)
d) Electronic Clearing System (ECS)

5. Which of the following is not a transfer of funds by using the electronic media?
a) Electronic clearing transfers
b) Mail transfer of funds
c) Telegraph transfer of funds
d) Electronic credit transfers

6. Electronic Clearing Service in banks can be availed only by___________
a) Senior Citizens
b) Individuals
c) Corporates
d) All of these

7. While discussing investments there is a mention of short term government security. What is this investment?
a) Treasury bill
b) Share
c) Debenture
d) None of these

8. Which agency/institution is the regulatory authority for home loans in India?
a) Housing Finance Corporation Ltd. (HFCL)
b) Housing Development Finance Corporation (HDFC)
c) National Bank of Agriculture and Rural Development (NABARD)
d) National Housing Board (NHC)

9. Concept of Tobin Tax is associated with which field?
a) Commodity Trading
b) Foreign Exchange Transactions
c) Bullion Trading
d) None of these

10. The credit policy of a bank does not consists of?
a) Advertising of loan products
b) Quality control
c) Lending policies
d) Loan product mix