• Banking Quiz -62

    611 In this type of LC, once issued can only be changed or cancelled with the consent of all the parties.
      A) Revocable LC
      B) Irrevocable LC
      C) Confirmed LC
      D) Back-to-Back LC
       
    612 In this type of LC, the confirming bank takes obligation to pay exists even if the issuing bank defaults
      A) Revocable LC
      B) Irrevocable LC
      C) Confirmed LC
      D) Back-to-Back LC
       
    613 In this type of LC, the original letter of credit is used as security by the exporter to open another credit in the favor of the exporter’s own supplier
      A) Revocable LC
      B) Irrevocable LC
      C) Confirmed LC
      D) Back-to-Back LC
       
    614 Which of the following is not true about Lines of Credit ?
      A) Lines of Credit allows a company to borrow up to a pre-fixed amount.
      B) It allows the borrower to obtain a number of loans without re-applying each time as long as the total borrowed funds does not exceed the credit limit.
      C) A line of credit is secured
      D) Bank usually charges some amount of fee as well as interest on these borrowings
       
    615 Which of the following is a critical element in maintaining the safety and soundness of risk?
      A) Credit Administration and Monitoring
      B) Credit Appraisal
      C) Sanctioning and Structuring the Loan Agreement
      D) Post-Sanction Verification and Disbursal
       
    616 LIBOR is
      A) Offer rate
      B) Bid rate
      C) Both a and b
      D) None of these
       
    617 Type of scam which uses false e-mail return addresses to steal banking id and password related information is known as?
      A) Phishing
      B) Scaming
      C) Both a and b
      D) None of these
       
    618 Which Of the Following is not Part of Assets in Balance Sheet?
      A) Cash at Vault and Deposits held with other depository institutions
      B) Investments in interest earning government securities
      C) Loans and Lease Finances allowed to customers
      D) Deposits made by various customers
       
    619 Which of the following committee is related to ‘Micro financing’?
      A) Nayak Committee
      B) Tandon committee
      C) Vyas Committee
      D) Narasimham committee
       
    620 Funded Services under corporate banking does not include?
      A) Working Capital Finance
      B) Bill Discounting
      C) Export Credit
      D) Letters of Credit

     

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