• Banking Quiz -56

    551 The Nayak Committee has suggested the turnover method for assessing the working capital and pegged it at?
      A) 15% of the projected annual turnover
      B) 20% of the projected annual turnover
      C) 25% of the projected annual turnover
      D) 30% of the projected annual turnover
       
    552 Which of the following is TRUE about Stand by Credit?
      A) It is a default instrument
      B) It is a Payment instrument
      C) This is not very similar in nature to a bank guarantee
      D) All of the Above
       
    553 Which of the following cannot be securitized?
      A) Future rentals of a fishing boat
      B) Hire purchase receivables
      C) Demand drafts received by the banker during clearing
      D) Future billings for an airline
       
    554 Payment Services Refers to
      A) The Means By which financial transactions are settled/paid.
      B) The Means By which the Debit/Credit Card Companies settlements
      C) The way to receive payments for tax collections
      D) None of the above
       
    555 Service Area Approach is associated with?
      A) Industrial finance
      B) Microfinance
      C) Rural finance
      D) Consortium finance
       
    556 In which type of the credits payments will be differed at multiple stages?
      A) Acceptance Credits
      B) Bank Guarantee
      C) Revolving LC
      D) Deferred Credits
       
    557 In which type of LC the amount of drawing is reinstated and made available to beneficiary again unto the agreed period of time on notification of payment by the applicant or merely on submission of documents?
      A) Acceptance Credits
      B) Bank Guarantee
      C) Revolving LC
      D) Deferred Credits
       
    558 Hybrid of debt and equity financing is known as?
      A) Asset based finance
      B) Mezzanine finance
      C) Merger finance
      D) None of these
       
    559 This implies a promise by a bank to repay the outstanding amount of an individual or business if that individual or business fails to repay his debt.
      A) Acceptance Credits
      B) Bank Guarantee
      C) Revolving LC
      D) Deferred Credits
       
    560 Which of the following is not the service provided by the Small Industries Service Institute?
      A) Providing entrepreneurship development programs
      B) Developmental efforts
      C) Export promotion and liaison activities
      D) Financial support

     

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