Banking And Financial Institutions - Practice Test

[#666] The most important reason for an investor to prefer a Bank deposit is

(A) The credit worthiness of the Bank

(B) The Bank does not invest in the securities

(C) The Bank offers a guarantee

(D) All of the above

Correct Answer

(D) All of the above

[#667] Match List-I with List-II and select the correct answer: List-I List-II a. Narasimham Committee 1. Lending under consortium arrangement b. Shetty Committee 2. Frauds and malpractices in banks c. Ghosh Committee 3. Securities operations of bank and financial institutions d. Janakiraman Committee 4. Financial system in India

(A) a-3, b-4, c-2, d-1

(B) a-2, b-3, c-4, d-1

(C) a-4, b-2, c-3, d-1

(D) a-3, b-4, c-1, d-2

Correct Answer

(B) a-2, b-3, c-4, d-1

[#668] Which of the following is not true about Aadhaar-enabled payment system (AEPS)?

(A) AEPS enables bank customers to access their Aadhaar-linked bank accounts through the Aadhaar authentication

(B) For a transaction through AEPS, only Aadhaar number and fingerprint captured during the enrolment are required

(C) AEPS allows inter-operability among different systems adopted by different banks in a safe and secured manner

(D) Customers can find out their account balance deposit cash, withdraw money and transfer funds to other Aadhaar-linked bank accounts through the help of business correspondents of the bank they have account in

Correct Answer

(D) Customers can find out their account balance deposit cash, withdraw money and transfer funds to other Aadhaar-linked bank accounts through the help of business correspondents of the bank they have account in

[#669] The difference between a Term Loan and a Deferred Payment Guarantee relates to:

(A) end use of funds

(B) outlay of funds

(C) both A and B

(D) None of these

Correct Answer

(B) outlay of funds

[#670] Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen cooperative banks by:

(A) improving professionalism

(B) enabling access to capital

(C) ensuring sound banking through RBI

(D) all of the above

Correct Answer

(C) ensuring sound banking through RBI

Banking And Financial Institutions - Study Mode

[#666] The most important reason for an investor to prefer a Bank deposit is

Correct Answer

Correct Answer

[#668] Which of the following is not true about Aadhaar-enabled payment system (AEPS)?

Correct Answer

[#669] The difference between a Term Loan and a Deferred Payment Guarantee relates to:

Correct Answer

[#670] Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen cooperative banks by:

Correct Answer