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Business Quiz

1. Which of the below facility cannot be provided by Payment Banks?


A. ATM Card
B. Debit Card
C. Net banking
D. Credit Card

2. Which of the following is the largest private sector bank in India?


A. ICICI Bank
B. Kotak Mahindra Bank
C. HDFC Bank
D. Axis Bank

3. Banking function centrally controlled by:


A. Central Bank
B. RBI
C. SBI
D. Both

4. Which of the following is called a ‘Banker’s Cheque’?


A. Demand Draf
B. Debit Card
C. Pay order
D. Banker’s Draf

5. What is a crossed cheque?


A. Which can be encashed only through a bank
B. Which can be encashed only by the drawee
C. Which can be encashed only at the state bank of India
D. Which can be encashed only afer it has been transferred to another person

6. Which of the following is not an asset held by commercial banks:


A. Bills of exchange
B. Current account deposits
C. Money lent at short notice
D. Credit balance with RBI

7. Expand the term EMI as used in banking/finance sector?


A. Easy Monthly Instalment
B. Equal Monthly Investment
C. Equated Monthly Instalment
D. Equated Mortgage Investment
8. Mutual Funds are required to be registered with:
A. AMFI
B. SEBI
C. IBA
D. RBI

9. What is the full form of ULIP?


A. Unit linked insurance plan.
B. Unreserved linked insurance plan.
C. Unit liable insurance plan.
D. None of these

10. Loans of very small amounts given to low income groups is called:
A. Cash credit
B. Simple overdraf
C. Micro credit
D. None of these

11. Retail Banking refers to the dealing of commercial banks with individual customers on, (i) Liabilities, (ii) Assets.
A. only i.
B. only ii.
C. both i and ii.
D. None of these.

12. SIP or Systematic Investment Plan is a


A. Method of regular investment
B. Name of a mutual fund scheme
C. A debt fund
D. Both

13. Which of the following is not a benefit from a Mutual Fund?


A. Investor has custody of securities where fund invests.
B. Investor is able to diversify risk
C. Investor can save costs
D. Investor can get professional management to manage his money.

14. Mutual Funds are regulated by


A. RBI
B. AMFI
C. SEBI
D. NSE

15. Fixed deposits and recurring deposits are:


A. Repayable afer an agreed period
B. Repayable on demand
C. Not repayable
D. Repayable afer death of depositors

16. When a bank returns a cheque unpaid, it is called


A. Payment of the cheque
B. Drawing of the cheque
C. Cancelling of the cheque
D. Dishonor of the cheque

17. When a new mutual fund scheme is launched, it is referred to as a


A. New Fund Offer or NFO
B. Initial Public Offering or IPO
C. Follow on Public Offer or FPO
D. Any of these

18. What is the full form of NAV?


A. Net Annualized value
B. Net Asset Value
C. Navigation
D. Nominal Asset Value

19. Who plays a role of catalyst for setting new standards and refining existing ones in many areas in
Mutual Fund industry?
A. SEBI
B. RBI
C. AMFI
D. Government of India

20. Which type of equity fund offer tax benefit to investors under section 80 C of the income tax act?
A. Thematic Fund
B. Balanced Fund
C. ELSS Fund
D. Sector Fund

21. What would a good agent would never do while selling a mutual fund?
A. Describe the past performance of the scheme
B. Compare the fund with other mutual funds
C. Assure a rate of return
D. Compare the fund with other financial products

22. A hybrid fund is one that:


A. invests in both bonds and stocks
B. started as a closed-end investment company, but changed to a mutual fund
C. has different "loads" for different classes of investors in the fund
D. invests in derivative securities, as well as stocks

23. A mutual fund that invests solely in stocks would be categorized as a/an
A. bond fund
B. fixed income fund
C. money market fund
D. equity fund

24. The bank rate means


A. Rate of interest charged by commercial banks from borrowers
B. Rate of interest at which commercial banks discounted bills of their borrowers
C. Rate of interest allowed by commercial banks on their deposits
D. Rate at which RBI Purchases or rediscounts bills of exchange of commercial banks

25. How many nationalized banks are there in India?


A. 19
B. 21
C. 23
D. 27