Banking Quiz Banking Quiz 4 November 25, 2011February 16, 2012 hari babu seo trainer 0 Comment Banking Quiz 4 1. Trade control in India is regulated by?DGFTRBIEXIM BankSEBI2. When the customer withdraws cash from ATM, the banker and customer relation ship is?Agent and principalDebtor and CreditorLessor and LesseeCreditor and Debtor3. Which of the following is not a reason for regulating the banking operations? Banks earn profit from non-fund servicesBanks hold a major portion of the public savingsBanks hold a large part of the money supplyBanks intermediate between the savings and investments4. Which of the following is not an augmenting feature of credit cards?Automatic recovery of interest on term loansPersonal accident insuranceAdd-On facilityCash withdrawal facility5. Performance guarantee is issued?For successful competition of Turnkey projectsIn lieu of earnest moneyIn lieu of indemnity bondsIn lieu of retention money6. Which of the following is a public sector Bank? HDFCIDBIAXISICICI7. Which of the following statements is true?Rural banks of commercial banks do not have freedom to issue credit cardsResave Bank of India empowers the banks to open branches according to their will and pleasureBanks have authority to establish the ATMs at their convenienceReserve Bank of India is a central bank which monitors only lending activities pertaining to export credit8. Which of the following is a disadvantage of going public issue?Enables valuation of the companyProvides liquidity to existing sharesIncreased regulatory normsCommands better pricing than placement with few investors9. Which of the following is not a transfer of funds by using the electronic media?Electronic clearing transfersMail transfer of fundsElectronic credit transfersTelegraphic transfer of funds10. Which of the following is a type of anticipatory letter of credit?Revolving letter of creditGreen clause letter of creditBack to back letters of creditYellow clause letter of credit
