• Banking Quiz -59

    581 Which of the following is a function of the agent bank relating to flow of money in the process of loan syndication?
      A) Receiving notices relating to cancellation of any part of the loan
      B) Calling of loans in the event of default
      C) Receiving the fee from the borrower and distributing among the participating banks
      D) Receiving notices relating to transfers of banks
    582 Letter of Credit means
      A) Credit Card issued by a bank to it’s valued client for credit facilities.
      B) A Letter issued by financial institution enabling the person named there on to withdraw a some of money from it’s foreign correspondent.
      C) A Letter containing details about credit worthiness of a customer.
      D) A Letter issued by a buyer’s bank in favour of the seller under taking to pay a certain some of money
    583 Trade control in India is regulated by?
      A) RBI
      B) SEBI
      C) EXIM Bank
      D) DGFT
    584 Which of the following are the latest trends in Banking Services?
      A) Raising Operational Costs
      B) Transparency in Banking Operations
      C) Rising competition
      D) All of the above
    585 Which of the following is not an electronic delivery channel?
      A) ATM
      B) Smart Card
      C) Phone banking
      D) Internet banking
    586 Which of the following is not true regarding Certificate of Deposits?
      A) Banks issues CD’s in the form of usance promissory notes
      B) CD’s are freely transferable by endorsement and delivery.
      C) There is no sealing on the maximum amount that can be raised by CD’s
      D) CD’s cannot be subscribed by the individuals, corporations, Companies and Trusts.
    587 Which of the following is an interest bearing demand deposit?
      A) Time Deposit
      B) Re-investment deposits
      C) Cash Certificates
      D) Savings Bank account
    588 A bank on which the cheque is drawn by the customer is called
      A) Collecting Bank
      B) Paying Bank
      C) Advising Bank
      D) Issuing Bank
    589 Which of the following are new services offered by Banks?
      A) Financial Advisory Services
      B) Cash Management
      C) Insurance Services
      D) All of the above
    590 The credit policy of a bank does not consist of?
      A) Lending policies
      B) Quality control
      C) Loan product mix
      D) Advertising of loan products


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