BANK-Banking Awarness Test-22

Real time gross settlement system means a payment system in which ____________

1 Mark(s)

Both processing and final settlement of funds transfer instructions can take place continuously
Final transaction takes place at the end of the day
Final payment is physically effected within 24 hrs.
Final settlement of funds take place at 3 PM daily

"Sub Prime lending" is a term applied to the loans made to _____________

1 Mark(s)

Those borrows who do not have a good credit history
Those who wish top take loan against the mortgage of tangible assets
Those who have a good credit history and are know to bank since 10 years
Those borrowers who are most preferred customers of the banks

Enumerate the main functions of a banker as per banking regulations act. 1949?

1 Mark(s)

Accepting deposit of money
Advancing of loans
Issuance of letters of credits
Above all

How many banks in India have joined the international telecommunication network of SWIFT?

1 Mark(s)

249
46
28
19

The commercial banking system in India comprises of ____________

1 Mark(s)

Scheduled and non-scheduled banks
Nationalised banks and private sector banks
Regional rural banks, cooperative banks
Land development banks

Digital signature are _____________

1 Mark(s)

legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures
required for authentication of e-mail and SFMS
required for authentication of settlement applications of clearing coupan of India Ltd
all of the above

Bancassurance means _____________

1 Mark(s)

Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches.
Assurance given by banks to its customers.
Life policy issued to the bank on the life of their staff
Assurance given to bank by general insurance companies for insuring assets of the banks.

. Full form of ERNET is ____________

1 Mark(s)

England’s Remote Network
Engineering and Research Network
Educational and Research Network
External and Regular Network

Scheduled bank refers to a bank ____________

1 Mark(s)

Authoriesd by central government to transaction government business
Registered with ministry of finance, Govt. of India
Which is included in the second schedule to the RBI act, 1934
Incorporated as a cooperative society

Insurance business in India is regulated by ____________

1 Mark(s)

Life Insurance Corporation of India
Reserve Bank of India
Insurance Regulatory and Development Authority (IRDA)
SEBI

________ is India’s largest Wide Area Network

1 Mark(s)

RBINET
NICNET
INET
Bank Net

Reserve bank of India, in regard to RTGS, has decided that ____________

1 Mark(s)

There would be accessible to all retail customers
There would be no floor ceiling for routing transactions through RTGS
Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS
All of the above

Who can file a criminal case against the drawer of a dishonoured cheque?

1 Mark(s)

The payee
The holder in due course
Both of the above
The paying banker

The drawer of a cheque is always a __________

1 Mark(s)

Bank
Company
Firm
Customer

The society for world-wide inter-bank financial telecommunication (SWIFT) ____________

1 Mark(s)

was registered as a company in Belguim
is a bank-owned non-profit co-operative society
became operational in May 1977
None of these

Truncation of cheques means ____________

1 Mark(s)

Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle
Debiting of drawer’s account through internet
Both of the above
None of these

. Insurance Regulatory and Development Authority _____________

1 Mark(s)

is a society registered under the societies Registration Act
is a company registered under the Companies Act. 1956
is an NGO
was constituted by an act of parliament under the IRDA Act. 1999

The SecuritisationAnd Reconstruction of Financial Assets and Enforcement of Security Interests Act (SARFAESI Act) at present, is not applicable to _____________

1 Mark(s)

Public Sector Banks
Financial Institutes of the Govt.
Private Banks
Non Banking Financial Companies

RTGS stands for _____________

1 Mark(s)

Real Time Gross Settlement
Real type General scheme
Real Type gross settlement system
Real time Gross system

Banks do not purchase/ discount ___________

1 Mark(s)

Documentary Bills
Clean Bills
Accommodation Bills
Usance Bills

BANK-Banking Awarness Test-22 : Question 1 of 20