Banking Awareness Online Bits for Bank Exams -6

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1) Performance guarantee is issued?

i) In lieu of earnest money

ii) In lieu of retention money

iii) In lieu of indemnity bonds

iv) For successful competition of Turnkey projects

2) Which of the following is a type of anticipatory letter of credit?

i) Green clause letter of credit

ii) Yellow clause letter of credit

iii) Back to back letters of credit

iv) Revolving letter of credit

3) Which of the following is not an augmenting feature of credit cards?

i) Personal accident insurance

ii) Cash withdrawal facility

iii) Add-On facility

iv) Automatic recovery of interest on term loans

4) Which of the following is not a transfer of funds by using the electronic media? 

i) Mail transfer of funds

ii) Telegraphic transfer of funds

iii) Electronic credit transfers

iv) Electronic clearing transfers

5) Which of the following is not a reason for regulating the banking operations?

i) Banks hold a major portion of the public savings

ii) Banks intermediate between the savings and investments

iii) Banks hold a large part of the money supply

iv) Banks earn profit from non-fund services 

6) Which of the following is a disadvantage of going public issue?

i) Provides liquidity to existing shares

ii) Commands better pricing than placement with few investors

iii) Increased regulatory norms

iv) Enables valuation of the company

7) When the customer withdraws cash from ATM, the banker and customer relation ship is?

i) Debtor and Creditor

ii) Creditor and Debtor

iii) Lessor and Lessee

iv) Agent and principal

8) From the following statement Which of the statements is Correct?

i) Resave Bank of India empowers the banks to open branches according to their will and pleasure

ii) Reserve Bank of India is a central bank which monitors only lending activities pertaining to export credit

iii) Banks have authority to establish the ATMs at their convenience

iv) Rural banks of commercial banks do not have freedom to issue credit cards

9) Trade control in India is regulated by?

i) RBI

ii) SEBI

iii) EXIM Bank

iv) DGFT

10) From the following Which is a public sector Bank?

i) IDBI

ii) ICICI

iii) AXIS

iv) HDFC