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_____ is a running account from which the amounts can be withdrawn & paid back from time to time, subject to the stipulated amount.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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