BANKING QUIZ -35 FOR IBPS-PO &CLERK EXAM
1. Credit Risk is the
risk in which _______________.
(1)
borrower may opt to get necessary permit/licences
(2)
wrong strategy is adopted
(3)
interest rate in the markets may increase
(4)
loan processing may be faulty
(5)
a borrower will default on any type of debt
2. Name the source of
collecting money from the public for a company for the first time?
(1)
Rights issue
(2)
Initial public offer
(3)
Follow on offering
(4)
Bonus shares
(5)
Secondary offering
3. A mutual fund scheme
in which the investors commit their money for a particular period is known as
(1)
Closed-End Scheme
(2)
Long-End Scheme
(3)
Long-Term Fund
(4)
Open-End Scheme
(5)
Back-End Scheme
4. CP is an unsecured
money market instrument issued in the form of a promissory note. In the
abbreviation CP, letter ‘P’ stands for
(1)
Payment
(2)
Portfolio
(3)
Paper
(4)
Promissory
(5)
Position
5. The process that has
to be undertaken by banks and other financial institutions to prevent them from
being used by criminal elements for money laundering is
(1)
Credit Monitoring Process
(2)
Credit Rating Process
(3)
Credit Appraisal Process
(4)
Due diligence Process
(5)
KYC Process
6. With introduction of
ATMs, telebanking and internet banking, banking hours is not a constraint for
transacting banking business, which is known as
(1)
Universal Banking
(2)
Worldwide Banking
(3)
Global Banking
(4)
Anywhere Banking
(5)
Other than those given as option
7. Which of the
following institutions is a Credit Information Company?
(1)
CIBIL
(2)
CRISIL
(3)
ARCIL
(4)
ICRA
(5)
CARE
8. When an account does
not have sufficient balance to honour the cheque issued by the account holder,
the cheque is returned by the bank is called as______.
(1)
cheque discounting
(2)
bouncing of cheque
(3)
cheque kiting
(4)
cheque truncation
(5)
cheque validation
9. The alphabet ‘P’ in
the abbreviation EFTPOS stands for
(1)
Permanent
(2)
Private
(3)
Public
(4)
Primary
(5)
Point
10. Which of the
following is a receipt listed in India and traded in rupees declaring ownership
of shares of a foreign company?
(1)
European Depository Receipt (EDR)
(2)
Indian Depository Receipt (IDR)
(3)
Global Depository Receipt (GDR)
(4)
American Depository Receipt (ADR)
(5)
Luxemburg Depository Receipt (LDR)
ANSWER KEY
1.5, 2.2, 3.1, 4.3, 5.5, 6.4, 7.1, 8.2, 9.5, 10.2,
