• Banking Quiz -54

    531 Which of the following does not come under credit products
    A) Lines of credit
    B) Revolving credit
    C) Non-revolving credit
    D) Term loans
    532 The origin of bank instruments can be traced to?
    A) Federal Reserves
    B) London goldsmiths
    C) Banks notes issued by bank of England
    D) Bank notes issued by Bank of France
    533 Which of the following does not come under interest bearing demand deposits?
    A) Savings deposits
    B) Certificate of deposits
    C) MMDA
    D) NOW
    534 The Shipping guarantee is a?
    A) Type of a letter of credit
    B) Guarantee issued by the ship captain to the purchaser
    C) Guarantee issued to the borrower towards the loan granted by the shipping company
    D) A document that allows an importer to take possession of goods from a shipping company when the goods arrive at port before the Negotiable Bill of Lading is received
    535 Which of the following is called “Syndicated Loans”?
    A) This is an arrangement between two or more banks to provide a term loan to the borrower using common loan documentation.
    B) These Loans are normally provided by the designated trade promotion bank in the country
    C) It is an unconditional order in writing, addressed by one person to another signed by the person giving it requiring the person to whom it is addressed to pay and demand or at a determinable future time.
    D) None of the Above
    536 Financing technique which involves the conversion of usually illiquid assets  like mortgages  with predictable cash flows into marketable securities is known as?
    A) Securitization
    B) Asset based loan
    C) Syndicated loans
    D) None of these
    537 Which of the following is a non-fund based credit facility?
    A) Lines of credit
    B) Bill Discounting
    C) Syndicated Loans
    D) Letter of Credit
    538 Which are the valid point(s) related to Securitization?
    A) It can be done on a recourse or non-recourse basis
    B) It separates risks inherent in any corporate finance transaction and transfers these risks from the seller to the purchaser of assets
    C) Financing technique that involves the conversion of usually illiquid assets with predictable cash flows into marketable securities
    D) All of the above
    539 Which of the following is not the function of commercial banks?
    A) Providing transaction services
    B) Intermediation in financial services
    C) Providing transformation services
    D) Regulating the issue of bank notes.
    540 Which of the following is relevant to “KYC”(Know Your Customer)  in private banking?
    A) Customer Acceptance Policy
    B) Customer Identification
    C) On going monitoring of high risk accounts
    D) All of the Above

     

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