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Q.1
____ refers to the credit extended by one business firm to another as incidental to sale or purchase of goods & services.
Cash Credit
Bills Discounting
Installment Credit
Trade Credit
Q.2
Trade Credit is also known as 'Mercantile Credit'
True
False
Q.3
Trade credit includes consumer credit or instalment credit.
True
False
Q.4
Under secured cash credit, the borrower submits promissory note, which is signed by two or more securities.
True
False
Q.5
When the cash is not backed up by any security, it is known as ______.
Clean Cash Credit
Secured Cash Credit
Q.6
_____ is a running account from which the amounts can be withdrawn & paid back from time to time, subject to the stipulated amount.
Loan
Cash credit
Bank overdraft
All of above
Q.7
Loans granted for immediate need are called ____
Contingency loan
Transactional loan
Q.8
Under Cash Credit interest is to be paid on the whole amount from the date of sanction.
True
False
Q.9
Under ______ borrower withdraws the full amount in cash immediately & undertakes to repay it in one or more installments.
Cash Credit
Loan
Bank overdraft
None of these
Q.10
_______ direct advance made in lump sum which is credited to a separate loan account in the name of the borrower.
Loan
Cash Credit
Bank Overdraft
Both A & B
Q.11
_____ refer to the deposits of money made by public with non-banking companies.
Public Deposits
Trade Credit
Bank Overdraft
Cash Credits
Q.12
When STATE BANK OF INDIA WAS FOUNDED?
1955
1953
1975
1801
Q.13
Which bank is considered one of the upcoming commercial banks in India
STATE BANK OF INDIA
PUNJAB NATIONAL BANK
KOTAK MAHINDRA BANK
SOUTH INDIAN BANK
Q.14
Which bank has this tagline " BOOMING LIFE"
CANARA BANK
KOTAK MAHINDRA BANK
AXIS BANK
None of these
Q.15
BANK OF BARODA is a private sector bank
TRUE
FALSE
Q.16
Which bank is India's largest private sector bank in terms of assets and market capitalization
ICICI BANK
AXIS BANK
IDFC BANK
HDFC BANK
Q.17
Which banks headquarters is located in Gujarat?
INDUSIND BANK
BANK OF BARODA
ICICI BANK
All of above
Q.18
Which bank has the tagline as " CHANGING FACE OF PROSPERITY"
YES BANK
HDFC BANK
LAKSHMI VILAS BANK
STATE BANK OF INDIA
Q.19
Which bank is a scheduled commission bank?
ICICI BANK
LAKSHMI VILAS BANK
BANK OF BARODA
KARUR VYSYA BANK
Q.20
Why do banks seek to increase the size of their deposits?
To allow for more investments
To increase their capacity to lend
To pay bank employees more
Both A & B
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