Banking awareness

1. Power of Attorney is a-
A. cheque drawn in favor by one bank by another bank.
B. stamped document executed in presence of public, government official and magistrate.
C. temporary document created by any public if needed.
D. special power only given to political persons.

2. Sharing of expensive resources and information in banks can be easily done with the help of-
B. Local Area Network.
C. Direct Selling.
D. Whole Sale Banking.

3. Which of the following is a regulator of Banking Sector in India?
C. Punjab National Bank
D. Axis Bank

4. What is the full form of IFRS?
A. International Financial Reporting Standards.
B. International Fundamental Reporting Standards.
C. International Financial Rearranging Standards.
D. International Foundation of Reporting Standards

5. SIDBI (Small Industried Development Bank of India)  is a wholly owned subsidiary of-

6. Which of the following things refers to 'banco', an Italian word?
A. Public
B. Money
C. Bank
D. Business

7. Which of the following committee is known as Gorawala Committee?
A. All India Rural Credit Survey Committee.
B. Rangrajan Committee.
C. CE Kamath Committee
D. Satyasivam Committee.

8. Which of the following means Tier II Capital in the field of Marketing and Finance?
A. Paid up Capital.
B. General Provisions.
C. Statutory Reserve.
D. All of the above.

9. Amortization is a process of-
A. increasing amount for a certain period.
B. decreasing amount for a certain period.
C. borrwing money as a bill of exchange.
D. decreasing tax rate.

10. Mortgage is a debt instrument in which a borrower will be obliged to pay a set of payments within a certain periods. Mortgage is usually used by-
A. Small businessman's only.
B. Real property buyers.
C. Bankers only.
D. Any common individual.

11. Converting black money into clean money is known as-
A. Inflation.
B. Money laundering.
C. Refinance.
D. Liquidity.

12. Which of the following things is needed to invest in a share market?
A. Bank Account
B. Demat Account
C. Trading Account.
D. All of the above.

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