• Banking Quiz – 10

    91 UTI bank was renamed as?
    A) Yes Bank
    B) HDFC Bank
    C) Axis Bank
    D) ICICI Bank
    92 The Unit Trust of India (UTI) was established in?
    A) 1964
    B) 1975
    C) 1988
    D) 1982
    93 Life Insurance Corporation of India (LIC) was created in which year?
    A) 1949
    B) 1965
    C) 1972
    D) 1956
    94 General Insurance Corporation of India (GIC) was established in which year?
    A) 1949
    B) 1965
    C) 1972
    D) 1956
    95 System where banks deposit the checks of the companies that are received through mail for payments?
    A) Key system
    B) Deposit system
    C) Lockbox system
    D) Safe deposit system
    96 Cash Management service where the money deposited into a branch account will be directly moved in to the company’s Main bank account?
    A) Lockbox service
    B) Cash Concentration service
    C) Zero balance accounting service
    D) Positive pay
    97 Cash Management service where excess funds from company’s bank accounts are automatically moved into a money market mutual fund overnight, and replaced the next morning?
    A) Drip account service
    B) Sweep Accounts service
    C) Cash Concentration service
    D) Trim Account service
    98 CHIPS stands for?
    A) Clearing House Inter-bank Payment System
    B) Cashing House Inter-bank Payment System
    C) Clearing House Inter-bank Payment Service
    D) Checking House Inter-bank Payment System
    99 Most common traditional form of credit used by small business?
    A) Credit lines
    B) Capital leases
    C) Business Mortgages
    D) Mortgage loans
    100 Cash Management service where a company ‘X’ electronically shares its check register of all written checks with the bank ‘B’ and the bank ‘B’ will only pay the checks listed in the register exactly?
    A) Lockbox service
    B) Cash Concentration service
    C) Zero balance accounting service
    D) Positive Pay

     

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