• Banking Quiz -47

    461 Revolving Credits include
      A) Consumer loans and Automatic loans
      B) Consumer loans and Credit cards
      C) Automatic loans and credit cards
      D) Automatic loans and leasing
       
    462 Non-Revolving Credits include
      A) Consumer loans and Automatic loans
      B) Consumer loans and Credit cards
      C) Automatic loans and credit cards
      D) Automatic loans and leasing
       
    463 Lenders try to make ARMs attractive to borrowers by which method?
      A) Offering lower interest rates for the later years of mortgage
      B) Offering lower interest rates for the first year of mortgage
      C) Offering higher maturity period for the mortgage
      D) None of these
       
    464 Which in the list is an example of revolving credits
      A) Debit card
      B) Credit card
      C) Gift Card
      D) None of these
       
    465 Mortgage lending products does not include
      A) Second Mortgage loans
      B) Leasing
      C) Residential Mortgage Loans
      D) Home Equity Loans
       
    466 Money Supply consists of?
      A) Currency + Demand Deposits
      B) Currency + Time Deposits
      C) Currency + Time Deposits + Demand Deposits
      D) Currency + Time Deposits + Demand Deposits + Loans
       
    467 The bank which approves a merchant for accepting credit cards, and then collects the merchants’ online payments, is known as?
      A) Issuing bank
      B) Association
      C) Acquiring bank
      D) None of these
       
    468 Which of the following is not correct about Central Banks
      A) Central Banks have evolved in accordance with the specific requirements of the economies in which the were situated
      B) Genesis of Central Banking is different between developed and developing countries.
      C) In Industrial countries this purpose centered not on the need to have lender of last resort
      D) Central Banks are instrumental in influencing the spread of commercial bank network in developing countries.
       
    469 When the number of smaller commercial banks has dropped whereas the number of large commercial banks continue to increase, is known as
      A) Profitability
      B) Concentration
      C) Large- small ration
      D) None of these
       
    470 Which in the list authenticates the parties involved in credit cards and acts as a channel for handling credit card transactions from the merchant to a payment processor?
      A) Payment processor
      B) Merchant
      C) Payment Gateway
      D) None of these

     

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