• Banking Quiz – 42

    411 When a company sells its account receivables to a third party or a bank at a discount for some immediate money to finance its urgent cash requirements, is called as?
      A) Factoring
      B) Bank Guarantee
      C) Revolving Loan
      D) Revolving Credit
    412 Unit Trust of India is a financial organization in India, which was created by the UTI Act passed by the Parliament in which year?
      A) 1964
      B) 1956
      C) 1962
      D) 1971
    413 In which method banks develop their own statistical model to calculate the operational risk?
      A) Standardized Approach
      B) Basic Indicator Approach
      C) Measurement Approach
      D) None of These
    414 Sarbanes – Oxley Act (SOX) was introduced in?
      A) 2001
      B) 2002
      C) 2005
      D) 2008
    415 Small Industries Development Bank of India (SIDBI), is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India was set up in which year?
      A) 1999
      B) 1990
      C) 1991
      D) 1995
    416 Where is the headquarter of the Small Industries Development Bank of India (SIDBI)?
      A) Nagpur
      B) Mumbai
      C) New Delhi
      D) Lucknow
    417 Which is the most widely used method to calculate credit risk?
      A) Internal Rating Based Approach
      B) Standardized Approach
      C) Advanced Internal Rating Based Approach
      D) None of These
    418 The Reserve Bank of India has stopped circulating of 25 paise coins from which year?
      A) 2010
      B) 2009
      C) 2011
      D) 2012
    419 The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) empowers Banks / Financial Institutions to recover their non-performing assets without the intervention of the Court. It was enforced in?
      A) 2004
      B) 1999
      C) 2001
      D) 2002
    420 Which Indian Public Sector bank was the first first bank to establish a fully computerized branch and ATM facility at its Mahalaxmi branch in Mumbai in 1989?
      A) Punjab National Bank
      B) State Bank of India
      C) Bank of Baroda
      D) Bank of India


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