Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. The rate of interest charged for the loan by the banker compared to overdraft and cash credit isgenerally.
a. High
b. Low
c. Same
d. Based on the amount
Q. The services rendered by a banker as an agent of his customers are called
a. Principal services
b. Agency services
c. General utility services
d. Social services
Q. The written instructions given by the customers to banker to perform the services like collection andpayment of money is noted down in
a. Written Instructions Book
b. Standing Instructions Book
c. Banking Instructions Book
d. Services Instructions Book
Q. A -------------- is a person who is entrusted with some property by the settler or the author of the trustfor the benefit of another person called beneficiary.
a. Attorney
b. Executor
c. Administrator
d. Trustee
Q. Services rendered by a banker not only to his customers, but also to the general public are called as
a. Principal services
b. Agency services
c. General utility services
d. Social services
Q. The banker has a lien on........
a. Bonds given for collection
b. Bonds given for safe custody
c. Bonds left by mistake
d. (a) and (b) together
Q. Which one of the following is the ratio of the loan principal to the appraised value?
a. Combined Loan To Value: (CLTV) ratio
b. Loan-to-Value Ratio
c. Mortgage Loan
d. Statutory Liquidity Ratio
Q. What is the product of the share price and number of the company's outstanding ordinary shares?
a. Market Capitalization
b. Market Price
c. Market Trend
d. Treasury Stock
Q. Which one of the following pools money from various investors in order to purchase securities?
a. Fund derivative
b. Money fund
c. Mutual fund
d. Pension fund
Q. Which one of the following is the rate at which the RBI lends money to commercial banks in the eventof any shortfall of funds?
a. Benchmark Prime Lending Rate
b. Annual Percentage Rate
c. Bank Rate
d. Repo Rate
Q. When financial institutions and banks undertake activities related to banking like investment, issue ofdebit and credit card etc then it is known as _____________________.
a. Internet banking
b. Universal banking
c. Virtual Banking
d. Wholesale banking
Q. Collateral securities can be _____?
a. Tangible
b. Intangible in the shape of personal guarantee of a third party
c. security given to get credit facilities/loan
d. All of the above
Q. The Short-Term Crop Loan given to Farmers are generally for a period of _____?
a. 3 months
b. 6 months
c. 9 months
d. 12 months
Q. Which of the following is a borrowing facility/loan advance _____?
a. Term finance
b. Performance guarantee
c. Bill received under letter of credit
d. All the above
Q. Pledge of advance is made against ______?
a. Gold
b. Commodities
c. Coins and notes
d. All the above