Quiznetik

Banking and Finance | Set 4

1. The person who seeks protection against a risk and to whom the insurance policy is issued is known as ………….

Correct : C. insured

2. IRDA stands for ……..

Correct : A. Insurance Regulatory and Development Authority

3. IRDA Act was passed in the year

Correct : C. 1999

4. Hull insurance related in the case of ……….

Correct : D. ship

5. In the case of life insurance HLV refers to………….

Correct : C. Human Legal Value

6. ………. of a life policy means transferring the rights of the insured in respect of the policy to another one

Correct : A. Nomination

7. Both assignment and nomination are possible in the case of ………… insurance policies

Correct : B. fire

8. …………….. is the price paid by the insured for the risk undertaken by the insurer

Correct : B. premium

9. ……………….. schemes are intended to insure a group of individual together

Correct : D. group insurance

10. Insurance Act was comes into existence on …….

Correct : C. 1938

11. Reinstatement policy is related in the case of which policy

Correct : C. Fire insurance policy

12. …………. means selling of insurance policies and products through banking firms

Correct : B. bancassurance

13. Life Insurance Corporation of India was formed in the year …….

Correct : C. 1956

14. The General Insurance Corporation of India was formed in the year …….

Correct : A. 1973

15. General Insurance Corporation of India Act was formed in ----

Correct : C. 1972

16. Which risk may result in loss or gain ?

Correct : C. speculative risk

17. ………. Risk are arises due to changes in the economic policies of the government.

Correct : C. dynamic risk

18. Risk which arises if there is no change in the economic policies of the government is

Correct : B. static risk

19. Writing off the policy before its actual maturity is known as ----

Correct : B. Foreclosure

20. -------Insurance covers many persons under one contract

Correct : B. Group insurance

21. ------ is the rate at which the central bank rediscounts the bills of commercial banks

Correct : A. Bank Rate Policy

22. ------- is the deliberate attempt by the central bank to influence the volume of credit available in the country.

Correct : A. OMO

23. ----- is the deliberate attempt by the RBI to influence the volume of available in the country.

Correct : B. Open Market Operations

24. -----------------------insurance is a cash value policy that provides life time protection by paying a lump sum death benefits.

Correct : D. Life insurance

25. ----------------- insurance policy pay the assured sum on maturity of the policy or on the death of the insured whichever is ealier

Correct : D. Life insurance

26. When the life insurance corporation of India was formed?

Correct : C. September 1 1956

27. In Insurance the consideration is known as

Correct : D. Premium

28. IRDA based in

Correct : A. Hyderabad

29. Insurance is defined as a

Correct : D. All

30. which of the following is called bankers cheque ?

Correct : A. demand draft

31. RBI was nationalized in the year_______

Correct : A. 1949

32. The RBI is establish in the year _____

Correct : A. 1934

33. Growth with ______is one of the important objectives of monetary policy of the RBI.

Correct : B. Price Stability

34. Forecasting or fixing rate of inflation is called______

Correct : B. Inflation targeting

35. _____is considered as an alternative to CB

Correct : A. currency Board,

36. Central bank is that bank which controls ______

Correct : A. credit

37. The inflation target at present for India is_____

Correct : C. 4%

38. Monetary policy in India is formulated by ______

Correct : B. fiscal policy committee.

39. RBI’s monetary policy has to sub serve the ____, economic & social objectives

Correct : A. national,

40. Transparency improves _________ of CB

Correct : B. credibility

41. _____is the apex bank of the banking sector of an economy.

Correct : C. RBI

42. Transparency improves accountability of CB.

Correct : B. False

43. Globalization has increased the role of central bank.

Correct : A. True

44. The RBI was established as a private shareholders bank

Correct : A. True

45. RBI’s monetary policy has to sub serve the national, economic & social objectives

Correct : A. True

46. The RBI is totally autonomous and independent of the government.

Correct : B. False

47. EFT stands for……..

Correct : B. Electronic Fund Transfer

48. Which bank was introduced first ATM machine in India?

Correct : B. HSBC

49. CDM refers to ………….

Correct : A. Cash Deposit Machine

50. ECS refers to ……………

Correct : B. Electronic Clearing Service

51. NEFT refers to…………...

Correct : D. none of these

52. IFSC stands for …………..

Correct : A. Indian Financial System Code

53. RTGS stands for ……………

Correct : A. Real Time Gross Settlement

54. SWIFT stands for ……………..

Correct : D. Solution for Worldwide Interbank Financial Telecommunications

55. CBS stands for ……..

Correct : B. Core Banking Solutions

56. CTS refers to ………..

Correct : A. Cheque Truncation System

57. Credit Information Bureau India Limited is India’s first credit rating agency which was incorporated in the year……

Correct : B. 2000

58. KYC refers to………….

Correct : A. Know Your Customer

59. A cheque bears a date earlier than the date on which it is presented to the bank it is called ………………

Correct : B. ante- dated cheque

60. MICR refers to………………..

Correct : A. Magnetic Ink Character Recognition

61. Delivery of banks service to a customer at his office or home by using electronic technology is called ----

Correct : C. E-Banking

62. The amount is instantly credited to the account of the customer in -----

Correct : C. CDM

63. Virtual banking is also called -----

Correct : A. Internet Banking

64. Plastic money is ----

Correct : B. Credit card

65. KCC is ----

Correct : A. Kissan credit card

66. ------- is based on the voice processing facility available with the bank computers.

Correct : B. Tele Banking

67. ------bank can accept deposit only ,but cannot lend .

Correct : B. Payment Bank

68. ------- Banks can issue ATM Debit cards but no Credit cards.

Correct : A. Payment Bank

69. ------- banks accept deposits but customer balance should not exceed Rs.1 lakh

Correct : C. Payment Bank

70. ------ is to perform lending activities among weaker sections of the community.

Correct : A. Small Finance Bank

71. ----- are norms for banks aimed at mitigating the risk and strengthening the capital structure of the banks of member countries.

Correct : B. BASEL norms

72. To strengthen the capital base of banks RBI laid down -------

Correct : C. Capital Adequacy Norms

73. For providing transparency in accounting and reporting procedures of banks -- -- are introduced in 1992

Correct : A. IRAC rules

74. ------ banking refers to the use of technology and communication systems in delivering banking products and services to customers.

Correct : A. Hi-tech banking

75. Which of the following is known as plastic money

Correct : D. Both of these

76. Debit card means

Correct : B. Pay now

77. Which type of loans have less prone to the risk of becoming NPA

Correct : A. Retail loans

78. Which is the fastest possible money transfer system through banking channel

Correct : A. RTGS

79. Paperless banking is known as

Correct : C. EFT

80. Those banking services based on the voice processing facility available with the bank computers

Correct : D. Tele banking

81. Cash which is stored electronically on a microchip is called

Correct : A. E purse

82. Electronic money is called as______ money

Correct : B. E-money,

83. RTGS stands for _____

Correct : B. Real time gross settlement

84. E-payments are increased due to_____

Correct : C. online shopping

85. There is competition between _______ banking and e- banking

Correct : A. traditional

86. There is ____ in terms of transaction with E-banking

Correct : B. risk

87. Electronic money is called as E-cash money

Correct : B. False

88. E-banking has no disadvantages

Correct : B. False

89. There is no competition between traditional banking and e- banking

Correct : B. False

90. There is risk in E-banking

Correct : B. False

91. E-banking will lead to new type of job opportunity

Correct : A. True

92. Reserve bank is the central bank of USA

Correct : A. True

93. …………………….is the fastest possible money transfer system through banking channel

Correct : A. RTGS

94. RBI was introduced first ATM machine in India?

Correct : B. False

95. Cash which is stored electronically on a microchip is called Credit Card

Correct : A. True

96. E-payments are increased due to on line shopping.

Correct : A. True