Top 350+ Solved Financial Services MCQ Questions Answer
Q. ATM stands for
a. Automatic Teller Machine
b. Any Time Money
c. Automated Teller machine
d. All Time Machine
Q. Andhra bank and Central bank of India introduced credit card in India in
a. 1991
b. 1981
c. 1984
d. 1990
Q. “India Card” was introduced by
a. Central Bank of India
b. Bank of India
c. Indian Overseas bank
d. SBI
Q. Full service factoring is often
a. Recourse factoring
b. Non-recourse factoring
c. Agency factoring
d. None of these
Q. Disclosed factoring is also known as
a. Recourse factoring
b. Non-recourse factoring
c. Agency factoring
d. Notified factoring
Q. Maturity factoring is also known as
a. Maturity factoring
b. Disclosed factoring
c. Agency factoring
d. Notified factoring
Q. “Confidential invoice discounting” is another name of
a. Maturity factoring
b. Disclosed factoring
c. Undisclosed factoring
d. Notified factoring
Q. Re-Factoring fee is applicable in case of
a. With recourse factoring
b. Disclosed factoring
c. Agency factoring
d. Notified factoring
Q. .............. Is an “invoice based export finance” technique.
a. International factoring
b. Disclosed factoring
c. Agency factoring
d. Notified factoring
Q. “EDI” in EDIFACTORING stands for
a. Economic Deposit insurance
b. Electronic Data interchange
c. Export Division insurance
d. None of these
Q. In ............... lease, leasing company assumes risk of obsolescence.
a. Financial lease
b. Operating lease
c. Leverage lease
d. Cross boarder lease
Q. ---------- lease contracts are usually non cancellable.
a. Financial lease
b. Operating lease
c. Leverage lease
d. Cross boarder lease
Q. Financial lease introduced in India by...................
a. Tata group
b. Reliance group
c. Chidambaram group
d. Murugappa group
Q. Rental loans are given to
a. Tenant
b. Owner of the building
c. Hirer of the cars
d. Any of the above